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Thomson Reuters
Jul 05 - 08:36 PM
AUD/USD - Fails To Hold Above 0.7400 Ahead Of Event Risks
First appeared on eFXplus on Jul 05 - 06:30 PM
  • AUD/USD recovery from Asia low fizzles as Fri 0401 GMT tariff deadline looms
  • China tariffs on US goods to start after US tax on China goods nL4N1U11GF
  • AUD direction hinges on CNY/CNH gyrations, traders cautious ahead of US NFP
  • Rally above 0.7443-51 required to alleviate selling pressure
  • Strong support @ 0.7327-29 magnetic; daily close below opens 0.7135-60
  • Asia to trade in 0.7360-0.7410 range; China market reaction to tariffs key

Thomson Reuters IFR Markets


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